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XRP, Ethereum, and TRON — 3 Coins that Might Blow Up in 2019

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2018 was a year when the crypto market received a hard blow, one that it has yet to recover from. The year was marked by significant price drops, market crashes, an ICO extinction, hacking attacks, and many other incidents that proved to be unfriendly for the steady progress of digital currencies.

However, investors remain optimistic regarding the future, and 2019 in particular. This is believed to be the year when a positive momentum will return once more, and when coins will get back on track.

Despite the bearish 2018, a lot of crypto projects managed to grow in other areas, even though their prices were dropping. Meanwhile, the crypto market became vast and filled with different altcoins, currently exceeding 2,100 individual projects.

While there undoubtedly many of them that have a lot of potentials, three of them are receiving more attention and coverage than others, apart from Bitcoin itself, at least.

The projects in question are XRP, Ethereum, and TRON. With a new year, a new hope for the future of crypto arrived as well, and these three coins have a pretty decent chance to blow up in 2019. Let’s see what makes them different than the others.

1) XRP

XRP, formerly known as Ripple, as a coin developed by the company Ripple Labs. Throughout its history, the coin usually had a relatively low price, which is currently only $0.30. This is not particularly impressive when compared to the price of Bitcoin, for example. However, XRP has managed to expand in other ways and is currently being used all around the world.

Ripple Labs’ two major products — xCurrent and xRapid — managed to capture the attention of over 100 banks around the world, all of which wish to implement these products to better their payment systems. The products allow any transaction to be completed almost instantly, and at a significant discount. This is one of the largest crypto use cases today, and thanks to this, XRP managed to become the second largest coin in the crypto market, with a market cap of $13.19 billion

Due to its connection to Ripple Labs and numerous banks, many have accused XRP of being centralized, not being a real cryptocurrency, and even of being security. However, over time, XRP managed to prove itself again and again, and most of these accusations are now in the past, with the coin being well on its way to becoming the first crypto to enter the mainstream.

2) Ethereum

Ethereum is known for being the second most important coin in crypto history, mostly due to the fact that it shifted investors attention from the coin to the blockchain, the technology that cryptocurrencies are based on. Thanks to ETH, dApp creation and smart contracts received a lot of the attention they previously lacked, and discovering new use cases for blockchain technology has become one of the largest tech-related trends in recent years.

For a long time, ETH also managed to keep its position as the second largest coin by market cap, until XRP recently dethroned it. Its price was also more than acceptable, with its all-time high being above $1,400. These days, ETH is the third largest coin with a price of only $107.46, but many believe that it might grow once again in 2019.

In the past several weeks, ETH received several updates, delivered via hard forks. The updates are expected to improve its network, and even attempt to solve scalability issues, which have been affecting digital currencies since Bitcoin’s first day. When combined with its potential for smart contracts and dApp creation, it is easy to see why investors and developers are still not ready to give up on ETH.

3) TRON

TRON is probably the most popular coins today, and it certainly achieved much in 2018. In a single year, that was extremely unfriendly for digital currencies, TRON managed to launch a TestNet, a MainNet, to perform a token swap, perform several large token burns, get listed on countless exchanges and wallets, launch multiple popular dApps, and even buy BitTorrent and announce a massive project centered around it.

However, despite all of these achievements, media coverage, and general hype regarding the project — its price has failed to respond. While its market cap did increase enough to grant TRX entry to the top 10 coins by market cap (currently being ranked as 9th largest crypto), it did not do much for its value, which is currently at $0.02799.

Many believe that the reason for this is the simple fact that the market doesn’t allow positive momentum, which is why TRON’s achievements do nothing for its value. Others believe that its achievements did have an impact and that they prevented the price from going lower than the current one. Whatever the case may be, TRX managed to survive two market crashes and an entire bearish year, from which it emerged strong and well-connected, with a strong potential to explode as soon as the conditions are right.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Understanding the Uses of Different Types Of Cryptocurrencies

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Cryptocurrencies – a term which has become incredibly prominent in the mainstream media during recent years due to the proliferation of Bitcoin millionaires. As a result, the new form of currency has earned an almost infamous status. However, as with any major step forward, there is still much confusion regarding the use of cryptocurrencies, what different types of innovative electronic cash exist and what they might mean for the future.

We’re putting all of this to rest as we explain what each of the leading cryptocurrencies can do.

Bitcoin

The most popular form of cryptocurrency, Bitcoin was first thought up in 2008 by the elusive and still unknown creator, Satoshi Nakamoto, who published the whitepaper online.

It took almost a decade for the cryptocurrency to reach its peak, but in December 2017 a single Bitcoin roughly exchanged for the price of $17,000, meaning anyone who held a substantial amount of the electronic cash became significantly wealthy.

In its early years, the cryptocurrency was strictly used as an alternative for cash transactions, and predominantly for trading goods and services. However as it has increased in popularity, its range of uses has also widened, now deployed for a variety of purposes including acting as collateral for investments at merchant banks, a direct debit for subscriptions services and most notably for sports betting.

Ripple

Bitcoin’s closest source of competition, Ripple was founded…

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New DoJ Ruling May Cripple Gambling dApps

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A new decision made by the US Justice Department has expanded restrictions regarding online gambling in the US affecting gambling dApps. While the Federal Wire Act of 1961 prohibited online gambling regarding sports since 2011, the new decision expanded on this, and it now includes all forms of internet gambling. Unfortunately for many, this now also includes cryptocurrencies.

The new decision came due to considerable difficulties when it comes to guaranteeing that only interstate betting will take place and that payments will not be routed via different states.

The new announcement was explained in a 23-page-long opinion issued by the Department of Justice’s legal team, which pointed out that the 2011 decision misinterpreted the law. According to that decision, transferring funds was to be considered a violation, but data transfers were not included. By exploiting this oversight, it was possible for gamblers to turn to internet gambling. Unsurprisingly, many have realized this early on, including startups, as well as large, established firms. This, of course, also included cryptocurrency companies as well.

The new decision changes what is allowed online

The decision to include all forms of internet gambling is a massive hit in the…

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7 Steps to Recovery from a Crypto Trading Loss

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Whether you are a newcomer to the crypto market who mistakenly invested a large amount into the wrong coin, or a professional that made a well-researched decision and something still went wrong, the result it the same — you lost your money to the crypto market. This is a big problem, but also a problem that every crypto trader faces at some point.

The reason may be anything, from simple bad luck to the lack of research. Add to that the fact that the crypto market continues to be extremely volatile, and it is clear that not all of your trades are going to end up successfully.

Whatever the reason is, the fact remains that you experienced a loss and that this is a problem which can affect more than your funds. It can also affect your mind and feelings. Since every successful trade that you have the potential to make in the future depends on you, you have to recover first, and only then should you worry about the funds.

The road to recovery is different for everyone, and it will take a different amount of time and effort. However, there are a few general steps that you can take to recover from a crypto trading loss.

Step 1: Stop and calm down

You have just suffered a major loss. It may have been your mistake, or…

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